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"The broad trend in the Australian dollar is likely to remain down though, reflecting softer commodity prices," he said.

The Australian dollar got a boost at the beginning of the week when the US dollar fell after US employment growth for March was weaker than expected.

AMP chief economist Shane Oliver expects the currency to move up towards 95 US cents, which would be a concern to the RBA.

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Nike Air More Uptempo Mens White

Nike Air More Uptempo Mens White

The Aussie passed 94 US cents on Thursday for the first time in five months after the local unemployment rate for March had a surprise Nike Air More Uptempo Mens White fall of 0.3 percentage points to 5.8 per cent.

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Nike Air More Uptempo Mens White

The US dollar weakness continued over the following days, helped by the minutes of the most recent US Federal Reserve meeting that showed the Fed will keep its interest rate at its near zero per cent level for "a considerable time".

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Nike Air More Uptempo Mens White

Dr Oliver also said that a stronger recovery in economic growth in the US relative to that in Australia will also limit any gains by the Australian dollar.

A rallied but gains will be limited

The four month low in the unemployment rate was seen by analysts as a sign of an improving economy and that the chances of another interest rate cut by the Reserve Bank have all but disappeared.

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the months ahead is also likely to weigh on the Nike Air Max Uptempo Pink

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Aussie started the week at 92.90 US cents and peaked at 94.63 US cents during European trade on Thursday night.

Australian dollar."

RBC senior currency strategist Sue Trinh said doesn't expect the currency's strength to continue and is doubtful about the strength of the Australian economy.

"Renewed RBA jawboning in Nike Uptempo Black And White On Feet

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